News: LIT Lithium Australia Reduced Cash Burn For FY21, Contemplating Further Reductions In...

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    July 20 (Reuters) - Lithium Australia NL (LIT) :

    • REDUCED CASH BURN FOR FY21, WHICH MEANS SOME REDUCTION IN WORKFORCE NUMBERS
    • EXPECTS BATTERY RECYCLING AND BATTERY SALES BUSINESSES WILL GENERATE SIGNIFICANT REVENUE DURING FY21
    • CONTEMPLATING FURTHER REDUCTIONS IN ACTIVITIES THAT WILL NOT PROVIDE A POSITIVE NEAR-TERM FINANCIAL OUTCOME
    • SOME ACTIVITIES AT VSPC ARE BEING SCALED BACK, VSPC'S PILOT PLANT TO BE PLACED ON CARE AND MAINTENANCE
    • RELINQUISHED ITS INVOLVEMENT IN A MEXICAN PROJECT AND EXPLORATION AT SADISDORF IS ON HOLD
 
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Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $18.59M
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